Chemical News
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Brazilian steelmakers mulling rebar price hike of up to 8% May 03,2016
Brazilian steelmakers plan to increase rebar prices by up to 8% sometime between May and June, market sources said last week. Platts assessed domestic 10 mm rebar for May at Real 1,600/mt ($465.30/mt) on Friday, unchanged month on month, based on a range of Real 1,550-1,650/mt ex-works, excluding taxes. According to a producer source, the i...>>>
Indorama increases US PET prices 2 cents/lb for May: letter May 03,2016
Indorama Ventures will increase the price on all grades of polyethylene terephthalate resin by 2 cents/lb ($44/mt), effective May 1, according to a letter sent to customers and obtained by Platts. The company cited "the continued increase in raw material costs and volatility" for the increase. The increase is also applicable supplies from I...>>>
Turkey March thermal coal imports jump 29.5% on-year to 2.76 mil mt May 03,2016
Turkey imported 2.76 million mt of bituminous thermal coal in March, rising 29.5% year on year and also climbing 10.8% from February to a three-month high, according to data from the Turkish statistical Institute (TUIK) published Friday. During the first quarter of the year, Turkey received 7.51 million mt of thermal coal, up 13.2% from Q1 2015...>>>
Exelon's Clinton nuclear unit in Illinois headed toward refueling May 03,2016
Exelon's 1,098-MW Clinton unit in Clinton, Illinois, is coasting toward a refueling outage, company spokesman Brett Nauman said Friday. The unit was operating at 93% capacity Friday after operating at 94% capacity Thursday, according to US Nuclear Regulatory Commission daily reactor status reports. When asked when the outage was expected to...>>>
Inside FERC May US natural gas average rises 12 cents to $1.83/MMBtu May 03,2016
The May bidweek national average gas price rose 12 cents to $1.83/MMBtu, with the biggest gains throughout the Southwest and Rockies, according to Inside FERC's Gas Market report, released Monday. The May bidweek price at the benchmark Henry Hub increased 9 cents to average $1.99/MMBtu, which came as the NYMEX May natural gas futures contract e...>>>
Crude futures settle lower with OPEC output seen rising May 03,2016
The oil complex settled lower Monday after new data showing growing OPEC output cast doubt on the perceived rebalancing of supply and demand that sparked a price rally over the past month. NYMEX June light sweet crude settled $1.14 lower at $44.78/b, while ICE July Brent ended the day $1.54 lower at $45.83/b. Refined products also fell, with NY...>>>
Eastern China ferrous scrap rises $11/mt on week May 03,2016
Steel mills in eastern China cut their ferrous scrap buying prices in the latter half of this week after a significant increase on Monday, given domestic rebar prices started to trend downward. Platts assessed heavy melting scrap with a thickness of 6 mm and above on Friday at Yuan 1,690/mt ($261/mt), including 17% VAT, delivered to Zhangjiagan...>>>
100 Spot Commodities Price Chart - 28/04/2016 Apr 29,2016
It was assessed by SunSirs that in the tracked 100 spot commodities,27 commodities increased in prices, 27 fell and 45 remained unchanged on 28/04/2016.The largest rises were Bromine (3.50%),Diesel (2.25%),Dysprosium oxide (2.06%),while the largest f...>>>
CS Brazil sugarcane crush seen at 605 mil-630 mil mt; H1 Apr hits record Apr 29,2016
The 2016-17 (April-March) sugarcane crush in Center-South Brazil is expected to reach a minimum of 605 million mt and a maximum of 630 million mt, down 2% at the minimum or up 2% at the maximum from 2015-16, industry association UNICA said Wednesday. UNICA said it expected sugar production of 33.5 million-35 million mt in 2016-17 compared with ...>>>
Front-month Chicago ethanol swap rises above physical ethanol Apr 29,2016
The front-month Chicago ethanol swap was assessed 1 cent over Chicago Argo ethanol Thursday after trading at a discount since April 7. Platts assessed the front-month swap at $1.5350/gal Thursday, while Argo was assessed at $1.5250/gal. "Physical just feels very weak," said one source when asked about the shift in structure. As producer...>>>